On 31st January 2022, the Climate Disclosure Standards Board (CDSB) was consolidated into the IFRS Foundation to support the work of the newly established International Sustainability Standards Board (ISSB). While this site and its resources remain relevant for preparers looking to improve sustainability disclosure until such time as the ISSB issues its IFRS Sustainability Disclosure Standards on such topics, no further work or guidance will be produced or published by CDSB. For further information please visit the IFRS website.

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TCFD to-do list: How do I know I’ve met the TCFD recommendations?

Follow the 9 steps as outlined in the TCFD to-do list to ensure that you are making effective TCFD aligned disclosures.

TCFD to-do list

Download the TCFD to-do list. 

CDSB recommends an effective climate-related financial disclosures must be: 

  1. Presented – in the mainstream report  
  2. Prepared – according to the same rigour as financial information  
  3. Specific – to the reporting entity  
  4. Coherent – across strategy, finance and impact  
  5. Supported by leadership – with oversight and involvement from all the relevant business areas and functions  
  6. Qualified – contain a statement of conformance so that the reader understands the limitations (e.g. clarify what is and isn’t considered)  
  7. Future-oriented – the plan is clear and stands up as being resilient (according to scenario analysis, where appropriate)  
  8. Financed and resourced –  current financing arrangements and investment support the delivery of the plan  
  9. Decision-useful - to providers of financial capital, responsive to your investors’ feedback and with a continuous plan for improvement  

For further guidance on implementing the TCFD recommendations, download: